Describe one way that each cycle might affect your Business (3.2) The first cycle will help get people to sell and advertise our bracelets. And give them the opportunity to earn money.
The third cycle will help us to get out money up so that we can buy more supplies so that we can make more of our product.
The third cycle will ...
¤No Growth, Low Profits, Employment, High Inflation Market Economy (3.1)
Does Our product supply consumers with an Economic Need or and Economic Want?
Want, we don’t need the bracelets they’re not needed in the economy in anyway but it’s a fashion trend
Natural Resource(s):Hevea brasiliensis
Capital Good(s): Dye, machine that print out words on the rubber band
Labor:employee
If you chose to limit the number of products that you made and offered for sale, therefore
lowering the supply, would your product be worth more or less? Explain
We think it’d be worth less because it’s nothing big like ipad or iphone 2 and it’s not really useful.
If you decided to change your production levels for the next year, and chose to make a
large number of products and offer them for sale, would your product be worth more or less? Explain
Less because, it’s nothing required, not needed, it’s just people want because they like it.
If another company saw that you were having success and decided to begin making a very similar product, would the demand for your product go up or down? How might this affect the price you charged for your product?
It would go down because they might sell it for a cheaper price. We would have to look at compareing and contrasting their prices to ours.
Once Raider T’s begins buying the product from you, other companies may begin trying to sell us a similar product at a better price. Use the Internet to identify your competition and list at 2 other companies who may begin trying to compete with your for Raider T’s business. (Search for products that are similar to yours).
Describe one way that each cycle might affect your Business (3.2)
The first cycle will help get people to sell and advertise our bracelets. And give them the opportunity to earn money.
The third cycle will help us to get out money up so that we can buy more supplies so that we can make more of our product.
The third cycle will ...
¤Moderate Profits, Employment, Low Inflation
- Peak – Great
¤High Growth, Profits, Employment, Modest Inflation- Contraction – Poor
¤Falling Growth, Profits, Employment, Modest Inflation- Trough – Bad
¤No Growth, Low Profits, Employment, High InflationMarket Economy (3.1)
Does Our product supply consumers with an Economic Need or and Economic Want?
Want, we don’t need the bracelets they’re not needed in the economy in anyway but it’s a fashion trend
Natural Resource(s): Hevea brasiliensis
Capital Good(s): Dye, machine that print out words on the rubber band
Labor: employee
If you chose to limit the number of products that you made and offered for sale, therefore
lowering the supply, would your product be worth more or less? Explain
We think it’d be worth less because it’s nothing big like ipad or iphone 2 and it’s not really useful.
If you decided to change your production levels for the next year, and chose to make a
large number of products and offer them for sale, would your product be worth more or less? Explain
Less because, it’s nothing required, not needed, it’s just people want because they like it.
If another company saw that you were having success and decided to begin making a very similar product, would the demand for your product go up or down? How might this affect the price you charged for your product?
It would go down because they might sell it for a cheaper price. We would have to look at compareing and contrasting their prices to ours.
wristbandconenection.comOnce Raider T’s begins buying the product from you, other companies may begin trying to sell us a similar product at a better price. Use the Internet to identify your competition and list at 2 other companies who may begin trying to compete with your for Raider T’s business. (Search for products that are similar to yours).
imprint.com